HOME LOANS

HOME LOANS is an experienced team that has been working in the field of real estate for over a decade and especially with the real estate loans for more than 4 years (license for microfinance activity from the Ministry of Finance of the Russian Federation from 2013) and in IT development for over 5 years decided to create the HOME LOANS platform.
Today, every person with the age above 18 will have the opportunity to buy their own housing by having only a smartphone and mobile application HOME LOANS.
There is no surprise that financial institutions check borrower’s trustworthiness very thoughtful before lending money. Financial entities have to make a wide range of procedures such as credit score, security investigation, and credit history check in Bureau (which is not free) in order to evaluate and make a decision on the bank's credit committee.

The reason of making HOME LOANS platform
i. The level of the economy
ii. Refinancing rate
Iii.The internal regulations of banks
iv. The number of defaults, the age of the borrower, etc.

                              Our Goal 

1. Creation of an international platform for Peer-to-peer lending on Ethereum Block Chain, using our own HLCoin's cryptocurrency to lend people to purchase real estate around the world at a minimum interest rate from private investors without resorting to intermediaries in the sale and purchase of peer-to-peer P2P (peer-to-peer) transactions. Everyone who owns HLCoin is an investor.

2. Peer-to-peer lending (or person-to-person lending, peer-to-peer investing, social lending, P2P lending) is the lending to individuals by individuals without the involvement of traditional financial players such as banks.

3.HOME LOANS will be an easily accessible financial platform through which people from all over the world can convert their savings into HLCoin currency supported by a real estate for a potential yield from real estate lending, property purchase and protection their income from inflation.

1. Due to an opportunity for smart contracts and innovative financing platforms for real estate loans, HLCoin will reduce costs and improve the speed of traditional business in lending on the security of real estate and eliminate the need for third parties participation.

COUNTRIES WHERE IT IS COMPLEX TO GET A MORTGAGE

1. Bulgaria
   Fixed rate: 11%
   Loan interest: up to 70%
   Loan term: up to 25 years.

2. Czech Republic
   Fixed rate: 5%
   Loan interest: up to 60%
   Loan term: up to 35 years.

3. Switzerland
   Fixed rate: 4.5%
   Loan interest: up to 50%
   Loan term: up to 10 years.

4. Australia
   Fixed rate: 3.5%
   Loan interest: up to 60%
   Loan term: up to 25 years.

5. United Kingdom
   Fixed rate: 2-4.5%
   Loan interest: up to 70%
   Loan term: from 5 years.

The minimum amount of a mortgage loan in Foggy Albion is £100,000, British banks do not prefer to consider applications for less than £ 1 million. Such loans to financial institutions are simply unprofitable. As for the borrower, this situation is not good because the chances of obtaining a mortgage for an economy-class apartment are much lower than if the funds were required to finance an elite facility. Officially, Russians can get a mortgage at an annual rate of 2 to 4.5% and the loan agreement is for five years with the possibility of further extension on revised terms.

COUNTRIES WHERE IT IS IMPOSSIBLE TO OBTAIN A MORTGAGE

1. Thailand
   Very often Asian countries including Thailand (which is popular among investors and Downshifters) give loans only to local residents. This means that in order to obtain a mortgage, a borrower must acquire a residence permit or even a citizenship of the country in advance.
2. Netherlands
   One of the requirements for the approval of a loan in the Netherlands is the need to generate income in the EU countries. If the applicant has this privilege then he has chances, otherwise he should rely solely on his own resources.
3. Norway
   Norway is definitely not the most popular country for foreigners to get a mortgage but if such a desire is still appeared the borrower must prove the income is earned in the territory of the EU.
4. Italy
   The situation with mortgages is even more complicated in Italy. It is required not only to open an account with a local bank in advance and actively use it but also to have real estate on the Apennine peninsula or in the Eurozone. Some Italian banks give loans only to citizens with a valid residence permit.
5. Japan
   There are few banks specializing in issuing loans to foreigners in Japan and in most cases in order to get a mortgage, it is required to have a permanent residence or even citizenship of the country.

Our Solution
A. Creation of an international loan platform by using open-source resources on the basis of block chain technology.
B. Providing private investors with access to large amounts of data.
C. Minimum of 500 000 and maximum of 50 million US dollars.
Original price: the price of the token is fixed at the level of
1 US dollar - 1 HLC token.

                        Token Distribution

Bonuses to the First Investors during the Initial Offering of the Tokens:

The international lending platform for real estate HOME LOANS provides for such types of loans as:

1. Loans for housing under construction.

2. Loans for secondary housing.

3. Loans for commercial real estate.

4. Loans for land purchase.

5. Loans for own property.

                                    Table
   

Age of the borrower is above18 and up to 65 years (at the end of the loan).

FORMULA FOR ANNUITY PAYMENTS
According to the formula, the amount of periodic (monthly) payments will be
A = K × S
Where,
A is the monthly annuity payment,
K is the annuity coefficient and
S is the loan amount.

The annuity coefficient is calculated using the following formula:
Where
i is the monthly interest rate on the loan (= annual rate / 12),

n is the number of periods during which a loan is paid.

If the interest rate is 4% per annum then the monthly rate:
i = 4,2% / 12 months = 0,35 %.

Calculation of annuity payment
Example of annuity payment calculation
Let's say 30,000 HLCoin is borrowed (at a cost of 1 $ pf 1 HLCoin) at 4.2% for a period of 10 years.
Solution
Initial data:
S = 30 000 HLCoin
i = 0,35 % (4,2 % / 12 months) = 0,00035
n = 120 (10 years х 12 months)
We substitute these values in the formula and determine the annuity coefficient:
0,00035*(1+0,00035)¹²⁰/(1+0,00035)¹²⁰– 1=0,008511016
Monthly payments:
A = K × S = 0,008511016 * 30000 = 255,33048 HLCoin

CONCLUSION:
The counterparty receives customers, the client receive HLCoin tokens to repay the loan, and traditional money which is returned through the loyalty system from our partners and then went to the HOME LOANS account for HLCoin purchase on the exchange & return to the ecosystem of the HOME LOANS system.
Our goal is to help private investors and business working on the basis of blockchain technology to significantly expand its client base by accessing our real estate lending platform and mobile marketing for business.

                                TEAM

          MORE INFORMATION CONNECT TO HOME LOANS 

Official Website: http://home-loans.io/
Whitepaper Link: http://home-loans.io/White_Paper_ENG.pdf
Telegram Channel: https://t.me/homeloanscoin
Official Facebook Page: https://www.facebook.com/HomeLoans-1718926604819378/

Authorized By:
Bitcointalk Username: bright4mech
Bitcointalk Profile link:
https://bitcointalk.org/index.php?action=profile;u=1298523
ETH wallet address: 0x6707A43E7c34E560828f2785Eb01A4b1327877C0